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Account Set-Up and Trade Processing Flows Using AddVantage

Account Set-Up and Trade Processing Flows Using AddVantage. New Account Workflow. Advisor/Client SunGard Advisor Technologies (SAT) Separate Account Manager (SAM) Trust Operations APL Ops Group/APL.

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Account Set-Up and Trade Processing Flows Using AddVantage

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  1. Account Set-Up and Trade Processing Flows Using AddVantage

  2. New Account Workflow Advisor/Client SunGard Advisor Technologies (SAT) Separate Account Manager (SAM) Trust Operations APL Ops Group/APL Trust Ops opens accounts according to IPS. Mutual fund and ETF accounts are funded and purchased by Trust Ops Required paperwork provided by Portfolio Builder Trust Ops sends copy of IPS and AddV account information to Investment Department Investment Dept manages internal SAMs allocations and overall asset allocation via Portfolio Manager, AddVantage, etc. Client signs paperwork (firm-specific documents and advisory services agreement) If SAMs being hired, Trust Ops sends copies of agreements and IPS to SAT APL Ops notified of SAM sub-accounts via upload from AddVantage System APL Ops receives paperwork from SAT, opens account on APL – receives data from Custodian/Trust Ops Advisor sends paperwork and initial assets to Trust Ops SAT sends copy of agreements to APL Ops Group Compliance and suitability review SAT Communicates SAM acceptance to APL Ops Group Trust Ops sends notice of funding of SAM accounts to SAT No Yes Is paperwork OK? If “no,” advisor notified. If “yes,” Trust Ops … APL Ops Group releases account for manager to trade the account SAT submits IPS and Advisory Svs Agmt and any approved restrictions to SAM

  3. SAM Trade Processing Flow Internal Portfolio Managers Page 5 SunGard Advisor Technologies Separate Account Managers Exception Reporting (9) Trade Allocation(6) Trade Block Created (1) STN Security APL Block Sent to B/D (2) Executed Block (5) • Performance • Drift, if available Block for execution (3) Incoming Allocated Trades/Daily Activity File (7) Executed Block (5) Depository Consolidated Statements & Web Access Investment Scorecard or Other Vendor New Accounts N&A File (8.3) Position and Cash Reconciliation File (8.2) AddVantage Bookkeeping Daily Activity File (8.1) Stock Exchange Trades sent to Depository (4) Trade Settlements (10) Invoicing

  4. SAM Trade Workflow Separate Account Managers SunGard Advisor Technologies (SAT) Exception Reporting (9) Trade Block Created (1) Trade Allocation(7) SWMS CheckFree APL Block Sent to B/D (2) STN Executed Block (6) PG 1 1 SIBI New Accounts N&A File (8.3) Block for execution (3) Depository Position and Cash Reconciliation File (8.2) Incoming Allocated Trades/Daily Activity File (8) Bookkeeping Daily Activity File (8.1) AddVantage Executed Block (5) Stock Exchange Trades sent to Depository (4) Trade Settlements (10)

  5. Trade Processing Description • Manager enters block trade for participant accounts into Security APL • Trade order is sent to broker for execution • Block trade is executed • Executed trades are sent to the depository to await settlement • Trade prices are entered into the system • Manager allocates trades to individual accounts through system • Custody system receives allocated trades via Security APL to post into custody system • Custody system feeds transaction activity to Security APL on a nightly basis. Security APL performs account level comparison of custody data to APL • APL Ops Group performs reconciliation and communicates and resolves any exceptions with SAMs • Trades settle at depository

  6. Process Flow Using Internal Overlay Management No In-House Portfolio Manager Adjust Trade File Decision On Recommended Trades Release Trades To Holding Pen Page 3 Yes Manager – Setup Models, Client Profiles Buy Lists, Benchmarks Asset Rankings Format Trades Into AddVantage Format Portfolio Manager STP Link Block Trades Daily Holdings File Trust Operations AddVantage AddVantage STN Daily Wash Sales Trade Order Entry Trades Sent Via Existing Interface Depository Stock Exchange

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